Dec 28, 2012 5:00am EST
no chance whatsoever of becoming law. >> reporter: if there is no deal by new year's, the bush era tax cuts will expire and everyone's taxes will go up. that could plunge the nation back into a recession. to reduce the deficit, the president wants to increase taxes on people earning $250,000 or more but he did show his willingness in negotiates with boehner to raise that number to $400,000. that, however, went nowhere. meanwhile, boehner broke with the gop. it was his so-called plan b offering to raise taxes on people earning more than a million dollars but republicans would not budge on that. they do not want any more taxes. they want to make some cuts in spending and they blame the president for pushing the nation to the brink. that is the latest here at the white house. back to you. >> thank you. >>> what do you think about congress not reaching a deal on the fiscal cliff? do you think it is possible that i compromise will be reached before the deadline. share your comments on our facebook page. just search for fox 5 morning news. no space between fox and the number 5. we may share your
Dec 28, 2012 2:00pm EST
into law. if you're among republicans is if you reach an agreement now and agree to tax increases, the spending cuts will get undone or never will be followed through on. that's one of the things that has held back talks, because republicans are skeptical that democrats will follow through. host: charles is on the independent line from colorado. caller: good morning, steve. i listened to it the myopic dogma in this segment over and over. the only people i can blame on this are the american people. the people who sit here and listen to these guys that are extremists and and they vote him into office -- them into office. i hear people say let's get rid of epa. if you look at how much epa takes out of our budget, that's like worrying about nothing gary people need to turn off the tv and start studying more. crack some books. look at economic spirit trickle-down economics does not work. name a country where it has worked? maybe estonia. but it's not working in greece. i heard a great saying that says when time gets tough, everyone is a keynesian. turn off the tv. not c-span of course.
Dec 24, 2012 8:00pm EST
with the law firm. he graduated with honors from princeton university, where he majored in religion. he received a bachelor of divinity degree from yale divinity school and a bachelor of laws degree from yale law school. he practiced law for some years and began his political career in 1968 when he was elected attorney general of missouri in his first place for public office. missouri voters elected him to the u.s. senate in 1976. they reelected him in 1982 and 1988, for a total of 18 years of service. the senator initiated major legislation in international trade, telecommunications, health care, research and development, transportation, and civil rights. he was later appointed special account told by janet reno -- special counsel by janet reno. he later represented the united states as u.s. ambassador to the united nations and served as a special envoy to sudan. he has been a great friend to missouri, st. louis, and washington university. please join me in welcoming him now. [applause] >> thank you. thank you very much. i owe our speaker an apology. when you hear the apology, you are
Dec 28, 2012 9:00am EST
in places like california and hawaii because of land use laws from the 1960's. second, if you look to the community reinvestment act, if you think that is the cause of the bubble, you have to explain why there was not a bubble in houston, raleigh, n.c., that winter? -- atlanta? it applied to those cities just as much as san francisco and miami, yet there were bubbles there and no balls in houston, omaha, -- bubbles in houston, ohio, -- global hawk, where have you. host: you conclude the book with "home ownership is not just an american dream, a dream of people all over the world. guest: that is absolutely right. a lot of research has shown that homeownership is one way to help people get out of poverty. if you want to start a small business, it turns out most are started with a loan on a business owner's home. if you want to put your kids through college, you can borrow against your home. homeownership is a way to build wealth. yet we have government saying we should get more people into apartments, fewer people into cinder the -- single-family homes. host: what is the track over l
Dec 26, 2012 7:00am EST
you are a republican from georgia or a liberal democrat from manhattan, as soon as a law like that gets passed, people become creative in finding ways to qualify. out of the woodwork, all the folks that would qualify. at the end of the david acton & social security age for everybody was truly disabled and let the market take care of its. people in stress occupations for many years now have been leaving those stress occupations well old age of 65 to go into some other line of work. a good example is people that install floors. it's tough in your knees. you see very few people doing that passed the age of 40. they find other work in the construction sector. baseball players have saw money, they don't have to work when they are done. host: let's hear from paul, a republican, in indiana. caller: how are you? there's a competing network of button tot has a access "rise above." if i had a button, it would say stop wasteful spending. how much money we would save if we stop wasteful spending. guest: we could also find our sunny and obscure and ridiculous government spending programs.
Dec 24, 2012 11:00am PST
was a veteran of u.s. military service. he also worked in many law enforcement positions. we're told. and he was in afghanistan, working for the contractor company dime corp. international, a major u.s. contractor in the war zone, working to help mentor and train afghan police forces. this is the latest of the so-called insider attacked that have plagued the forces over the past year. many active duty forces killed, contract contractors. 50 deaths this year. they haven't been able to get a handle on it. hala? >> and these attacks have been increasing. what is the reason behind the increase in attacks. >> this is -- they have increased throughout the year, but over the course of the year, ebbed and flowed, thankfully where there hasn't been one in several weeks. the military, the intelligence effort in the military has been to try to figure out the answer to that very question. what is going on. why is this happening? some of them are said to be taliban infiltrations. but there is a sense we're told that many of them are due, how to describe it, to cultural differences. afghans who feel a gru
Dec 28, 2012 10:30pm EST
up by law. every americans' paychecks will get considerably smaller. that would be the wrong thing to do for our economy, it would be bad for middle-class families, and it would be bad for businesses that depend on family spending. congress can prevent it if they act right now. i just had a good and constructive discussion here at the white house with leadership about how to prevent the tax hike on the middle class. we may reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak, but if an agreement is not reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up or down vote to protect the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as those leaders allow it to come to a